It's Time To See the #whales_game
It's Big & Big #alert About $SOL 23% #crash !
With Solana Down 23%, DeeStream Attracts Kusama & Decred Investors with Its 100X Presale Projections
Kusama Dips and Expectations Aren’t Spectacular
Kusama is like a sandbox for developers to test blockchain ideas that could go live on Polkadot later.
It’s akin to an experimental playground where developers can try things without worrying about real consequences. Since it’s faster and cheaper, innovators use Kusama to see if their new blockchains actually work before launching on the more stable Polkadot network down the road.
Since it’s largely targeted at developers, it’s not surprising that Kusama hasn’t been performing extremely well in the markets lately. For example, over the past month, Kusama has lost 38%, and on an annual basis, it has lost 15%.
It did have a short period of gains, during which it hit a high of $59, but it seems it was unable to keep those gains as it is currently trading at around $32.
And expectations from analysts are somewhat tempered, with Kusama expected to continue hovering around the $32 price point for the rest of the year. In 2025, some analysts believe it might get to $33.6, but no higher than that.